by Sal Schibell | Jul 20, 2022 | News, Tax Tips
The IRS doesn’t require every citizen to file come tax time. It depends on your age, filing status, income level, and the source of your income. You can refer to the below table to see if you meet the requirements for filing a tax return. Filing Status Age As Of The...
by Sal Schibell | Jun 14, 2022 | News
Gift tax is a consideration that those making large donations to an individual must consider. The IRS considers a gift anything that is a transfer to an individual, directly or indirectly, where full consideration (measured in money or money’s worth) is not received...
by Sal Schibell | Jun 14, 2022 | News
Tax time can be a stressful one for business owners. Luckily, since the 2018 tax year, small business owners and self-employed taxpayers have been able to take advantage of the qualified business income deduction (QBI) to deduct up to 20% of their qualified business...
by Sal Schibell | May 16, 2022 | News
Financial audits guarantee that a business’ finances are accurate and that their reports and operations are fully functioning according to plan. They also verify that the information being collected contains no errors that could potentially cause problems both in the...
by Sal Schibell | May 16, 2022 | News
LRSCPA is a well-rounded CPA firm that offers corporate accounting services to New Jersey small and medium-sized businesses. To make sure your business isn’t falling behind, we’ve put together a comprehensive corporate financial checklist for your business to adhere...
